Recently, the crypto assets market has shown some noteworthy trends. Although Bitcoin has experienced a strong rebound due to favourable information, the trading volume has not continued to rise, which has raised the alert among market participants.

It is worth noting that after the Bitcoin surge, the market focus quickly shifted to the rise of small-cap crypto assets. This rotation effect usually occurs only at the end of market cycles, which may be attributed to two main reasons:

First of all, the current market generally lacks new capital inflow. Considering that the price of Bitcoin is already at a high position, driving it to continue rising requires a large amount of capital, and this capital also faces the pressure of profit-taking, making the cost-performance ratio relatively low. Therefore, existing funds are more inclined to flow into relatively low-priced small-cap coins.

Secondly, small-cap coins often lead the surge at the end of the market cycle to create a "fear of missing out" (FOMO) sentiment, and the fundamental purpose is to attract retail investors to enter and take over.

Considering the above factors, the Bitcoin market seems to be showing signs of fatigue. Investors should remain vigilant, carefully assess risks, and maintain independent thinking. In this uncertain market environment, rational analysis and risk management are more important than ever.